StartUp Policy of Telangana Govt . and Apply Now and Get benefits up to 50 Lakh
Benefits by Govt of Telangana
#1. Reimbursement of GST :- The Startup can pay SGST to the relevant department and avail reimbursement on a yearly basis for a maximum total turnover of Rs. 1 cr per annum for the first three years of operation.
#2. Reimbursement of marketing Expenses:- The Government shall reimburse 30% of the actual costs including travel incurred in international marketing through trade shows, with a maximum limit of Rs. 5 lakh per year per company.
#3. Reimbursement of patent Filling Expenses:- The cost of filing and prosecution of patent application will bereimbursed to the incubated startup companies subject to a limit of Rs. 2 lakh (0.2 million) per Indian patent awarded. For awarded foreign patents on a single subject matter, upto Rs. 10 lakh (1 Million) would be reimbursed. The reimbursement will be done in 2 stages, i.e., 50% after the patent is filed and the balance 50% after the patent is granted.
# 4.Recruitment assistance by Govt. :- To promote idea-stage companies, the government shall offer recruitment assistance of Rs. 10,000 per employee for the first year.
#5 Performance grants:- Startups that record a year-on-year growth rate of 15%, as per audited accounts, shall be eligible to get a grant of 5% on Turnover, subject to a limit of Rs.10lacs within a period of three years from the date of incorporation.